Materials prices continue to push up building costs
Language: English Series: Construction News ; (7023) 19 June 2008, 16-17(2)Publication details: 2008Subject(s): Summary: Article looks at the continuing rise in material prices, stating that contractor's input costs have jumped by 9.5% since June 2007. The higher than average costs have largely been caused by increases in commodity costs, including bricks, oil and metals. Positive indicators include a slight drop in timber costs and modest rises in labour costs. There are suggestions, however, that EU investment in eastern Europe and the weak pound mean that the UK is no longer as attractive a prospect for overseas workers. Reduced numbers of overseas workers could lead to labour cost inflation, which would have adverse effects for the construction sector.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L144755 (Browse shelf(Opens below)) | 1 | Available | 144755-1001 |
Article looks at the continuing rise in material prices, stating that contractor's input costs have jumped by 9.5% since June 2007. The higher than average costs have largely been caused by increases in commodity costs, including bricks, oil and metals. Positive indicators include a slight drop in timber costs and modest rises in labour costs. There are suggestions, however, that EU investment in eastern Europe and the weak pound mean that the UK is no longer as attractive a prospect for overseas workers. Reduced numbers of overseas workers could lead to labour cost inflation, which would have adverse effects for the construction sector.